Contessi, Silvio; De Pace, Pierangelo - In: The North American Journal of Economics and Finance 20 (2009) 2, pp. 145-161
We study the cross-section correlations of net, total, and disaggregated capital flows for the major source and recipient European Union countries. We seek evidence of changes in these correlations since the introduction of the euro to understand whether the European Union can be considered a...